Hotels predicted to revolutionise revenue management in 2024
New data from European cloud-based software company Mews has unpacked the global hotel industry’s performance in 2023 to pinpoint how…
occupancy rates
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Lower room rates cause Melbourne hotel decline
Melbourne’s hotels have seen a second decline in revenue per available room (RevPAR) for 2023. According to STR’s September 2023…
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Canada’s hotel industry hits new record
Canada’s hotel industry reported its highest average daily rate (ADR) and revenue per available room (RevPAR) on record, according to…
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US hotels show strong performance in May
STR’s industry data shows growth for US hotels in May 2023 rising above the country’s April performance. The average daily…
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US hotels to see limited profit growth in 2023
A forecast for the US hotel industry finds that while top-line performance is advancing, growing operating expenses are projected to…
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Canada hotel RevPAR consistent for three consecutive months
According to hospitality analytics firm STR, which looks at data insights for the global hospitality industry, Canadian hotels have achieved…
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Amsterdam hotel rates reach record high, according to STR
STR, the data and analytics company for the hospitality industry, has highlighted Amsterdam’s hotel rates as the highest on record…
